Point Foundation is located in Los Angeles, CA. The organization was established in 2001. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2022, Point Foundation employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Point Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Point Foundation generated $6.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $4.9m during the year ending 06/2022. While expenses have increased by 1.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO GRANT SCHOLARSHIPS TO LESBIAN, GAY, BISEXUAL AND TRANSGENDER (LGBT) STUDENTS OF MERIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOLARSHIP & SCHOLAR SUPPORT: AS OF JUNE 2022, POINT FOUNDATION (POINT) HAS AWARDED OR WILL AWARD 1481 SCHOLARSHIPS AND HAS INVESTED MORE THAN $47 MILLION IN OUR LGBTQ SCHOLARS. POINT FOUNDATION CURRENTLY AWARDS FOUR TYPES OF SCHOLARSHIPS: OUR TRADITIONAL FLAGSHIP SCHOLARSHIP FOR STUDENTS PURSUING BACHELOR'S, GRADUATE, OR PROFESSIONAL DEGREES, COMMUNITY COLLEGE SCHOLARSHIPS, BIPOC SCHOLARSHIPS (SPECIFICALLY FOR BLACK, INDIGENOUS AND PEOPLE OF COLOR) AND OPPORTUNITY GRANTS. ALL SCHOLARSHIP PROGRAMS PROVIDE FINANCIAL ASSISTANCE. IN ADDITION, THE FLAGSHIP, COMMUNITY COLLEGE, AND BIPOC SCHOLARSHIPS INCLUDE PROGRAMMING DESIGNED TO SUPPORT STUDENT SUCCESS BY PROVIDING A COMMUNITY OF LGBTQ STUDENTS AND ALUMNI, A MENTOR OR COACH, AND COMPREHENSIVE LEADERSHIP TRAINING. BY ENSURING THESE LGBTQ STUDENTS HAVE THE FINANCIAL RESOURCES, COMMUNITY, AND GUIDANCE TO SUCCEED IN HIGHER EDUCATION, POINT FOUNDATION IS BUILDING A GENERATION OF LEADERS COMMITTED TO BOTH PERSONAL ACHIEVEMENT AND INCREASING ACCEPTANCE AND UNDERSTANDING ACROSS SOCIETY.DURING THE 2021-2022 ACADEMIC YEAR, POINT FOUNDATION SUPPORTED 403 STUDENTS INCLUDING 59 POINT FLAGSHIP SCHOLARS, 58 COMMUNITY COLLEGE SCHOLARSHIP RECIPIENTS, 236 BIPOC SCHOLARS AND 102 OPPORTUNITY GRANT RECIPIENTS. AS A CHAMPION FOR EQUAL ACCESS TO HIGHER EDUCATION, POINT FOUNDATION IS PROUD THAT MANY POINT SCHOLARS ARE FROM GROUPS TRADITIONALLY UNDERREPRESENTED ON COLLEGE CAMPUSES. OF THE 403 POINT SCHOLARS: 84% IDENTIFY AS A RACIAL OR ETHNIC GROUP OTHER THAN WHITE; 24% IDENTIFY AS TRANSGENDER OR NON-BINARY; AND 55% ARE THE FIRST IN THEIR FAMILIES TO GO TO COLLEGE.RESEARCH FROM THE NATIONAL MENTORING RESEARCH CENTER PROVIDES EVIDENCE THAT AFFIRMING MENTORING RELATIONSHIPS PROMOTE POSITIVE EDUCATIONAL OUTCOMES FOR LGBTQ YOUTH. POINT'S COMMITMENT TO OFFERING OUR SCHOLARS ACCESS TO MENTORING AND COACHING STARTS WITH PROVIDING FACILITATED TRAINING ON BEST PRACTICES IN LGBTQ MENTORING AND COACHING AT THE BEGINNING OF THE YEAR AND YEAR-END TRAININGS ABOUT DEEPENING THE MENTORING RELATIONSHIP WITH CONTINUING SCHOLARS OR SHIFTING TO AN INFORMAL MENTORING RELATIONSHIP WITH GRADUATING SCHOLARS.ALL 59 FLAGSHIP SCHOLARS WERE MATCHED WITH INDIVIDUAL MENTORS IN RELEVANT ACADEMIC OR PROFESSIONAL FIELDS. IN AGGREGATE, MENTORS AND SCHOLARS MET AN ESTIMATED 700 TIMES. ALL 58 COMMUNITY COLLEGE SCHOLARS WERE MATCHED WITH INDIVIDUAL COACHES TO SUPPORT THEIR ACADEMIC PROGRESS, PROFESSIONAL DEVELOPMENT, AND TRANSFER APPLICATIONS (AS APPROPRIATE). IN AGGREGATE, 232 COACHING SESSIONS TOOK PLACE IN 2021-22. THROUGH AN EXCLUSIVE ONLINE PORTAL, POINT PROVIDES ITS BIPOC SCHOLARS AND OPPORTUNITY GRANT RECIPIENTS WITH YEAR-ROUND ACCESS TO A GROUP OF LGBTQ PROFESSIONALS AND ALLIES WHO SHARE THEIR INSIGHTS, TIPS FOR SUCCESS, AND ANSWER QUESTIONS. BIPOC SCHOLARS ALSO BENEFITTED FROM TWO EXPERT COACHING PANEL DISCUSSIONS FOCUSED ON THE INTERSECTIONAL EXPERIENCES OF LGBTQ BIPOC STUDENTS. ONE SESSION OFFERED STRATEGIES FOR NAVIGATING ACADEMIC SPACES AND THE SECOND PROVIDED RESOURCES FOR MENTAL HEALTH AND WELLNESS.
LEADERSHIP DEVELOPMENT: WHILE POINT CONTINUED TO UTILIZE ZOOM TO PRESENT MOST PROGRAMMING IN 2021-2022, THIS YEAR WE WERE ABLE TO HOST THE NATIONAL LEADERSHIP CONFERENCE IN PERSON. 64 FLAGSHIP SCHOLARS JOINED POINT ALUMNI, BOARD MEMBERS, AND STAFF IN LOS ANGELES FOR THE TWO-DAY NLC THEMED "BUILDING COMMUNITY, RISING TOGETHER." FACILITATED SESSIONS INCLUDED GROUP ACTIVITIES CLARIFYING SCHOLARS' INDIVIDUAL LEADERSHIP VALUES; HOLISTIC SELF-EXPLORATION OF HEALTH AND WELL-BEING THROUGH STRUCTURED REFLECTION ON WELLNESS IN FIVE DIFFERENT DOMAINS; RETHINKING EXPERIENCES OF IMPOSTER SYNDROME AND GENERATING HEALTHY RESPONSES AND SOLUTIONS; AND A QUEER CAREER ROUNDTABLE SESSION ALLOWING SCHOLARS TO LEARN FIRST-HAND FROM THE EXPERIENCES OF POINT ALUMNI IN THE FIELDS OF LAW AND POLICY, MEDICINE AND HEALTH SCIENCES, MEDIA AND COMMUNICATION, TECHNOLOGY AND BUSINESS, AND ACADEMIA.ALONG WITH VIRTUAL OR IN-PERSON ORIENTATIONS, ONE-ON-ONE STAFF CHECK-IN MEETINGS WITH ALL CURRENT SCHOLARS, OTHER LEADERSHIP PROGRAMMING INCLUDED THE COMMUNITY COLLEGE CONFERENCE WHERE 33 COMMUNITY COLLEGE SCHOLARS CONVENED VIRTUALLY WITH SEASONED EXPERTS THAT SHARED CRITICAL SKILLS TO HELP STUDENTS TRANSFER TO A FOUR-YEAR UNIVERSITY AND NAVIGATE THE JOB MARKET. SESSIONS INCLUDED TRANSFER 101, UNDERSTANDING FINANCIAL AID, PERSONAL STATEMENT WRITING, EFFECTIVE INTERVIEWING, AND RESUME WRITING 101. ADDITIONAL PROGRAMMING FEATURED A SCHOLAR BOOK CLUB FOR THOSE INTERESTED IN DISCUSSING LGBTQ BOOKS; AN ALUMNI HAPPY HOUR IN LOS ANGELES FOR POINT ALUMNI TO RECONNECT WITH EACH OTHER; AND A VIRTUAL "COLLEGE READY" WORKSHOP FOR COLLEGE-BOUND LGBTQ HIGH SCHOOL STUDENTS.THIS YEAR AND EVERY YEAR OUR PRIORITY IS SERVING OUR STUDENTS, ENABLING THEM TO FULFILL THEIR ACADEMIC GOALS AND, RECOGNIZING THAT LGBTQ PEOPLE ARE UNDERREPRESENTED IN LEADERSHIP ROLES IN ALMOST EVERY INDUSTRY, BECOME THE LEADERS OF TOMORROW.
SCHOLAR SELECTIONS:THE FLAGSHIP SCHOLARSHIP APPLICATION OPENED NOVEMBER 1, 2021, AND CLOSED JANUARY 24, 2022. WE RECEIVED 1,668 APPLICATIONS. OF THESE, 731 ADVANCED TO THE SEMIFINAL ROUND AND WERE ASKED TO SUBMIT ADDITIONAL MATERIALS. 83 SEMIFINALISTS WERE INVITED TO INTERVIEW, AND 54 CANDIDATES ADVANCED TO THE FINAL ROUND. FINALISTS SUBMITTED TWO RECORDED PRESENTATIONS ABOUT THEIR ACADEMIC INTERESTS, LEADERSHIP, AND SERVICE. ULTIMATELY, 42 CANDIDATES WERE SELECTED AS POINT SCHOLARS (26 UNDERGRADUATE AND 16 GRADUATE/PROFESSIONAL). THE COMMUNITY COLLEGE SCHOLARSHIP APPLICATION OPENED MARCH 1, 2022, AND CLOSED MAY 9, 2022. WE RECEIVED 181 APPLICATIONS. OF THESE, 118 ADVANCED TO THE FINAL ROUND. FINALISTS SUBMITTED A RECORDED PRESENTATION OF THEIR PASSIONS AND ACADEMIC AND PROFESSIONAL GOALS. ULTIMATELY, 80 CANDIDATES WERE SELECTED AS COMMUNITY COLLEGE SCHOLARS.WE RUN TWO SELECTION CYCLES PER YEAR FOR THE BIPOC SCHOLARSHIP. THE FIRST CYCLE OPENED OCTOBER 1, 2021, AND CLOSED NOVEMBER 10, 2021. WE RECEIVED 332 APPLICATIONS. OF THESE, 96 ADVANCED TO THE FINAL ROUND. FINALISTS SUBMITTED A RECORDED PRESENTATION OF THEIR PASSIONS AND ACADEMIC AND PROFESSIONAL GOALS. ULTIMATELY, 81 CANDIDATES WERE SELECTED AS BIPOC SCHOLARS.THE SECOND CYCLE OPENED APRIL 1, 2022, AND CLOSED MAY 11, 2022. WE RECEIVED 500 APPLICATIONS. BASED ON EVALUATION OF PAST CYCLES, WE DECIDED TO PILOT A SIMPLIFIED VERSION OF THE PROCESS, INCORPORATING A BIOGRAPHICAL ESSAY INTO THE APPLICATION AND ELIMINATING THE FINALIST PRESENTATION. RECIPIENTS WERE SELECTED BASED ON APPLICATION RATINGS. ULTIMATELY, 106 CANDIDATES WERE SELECTED AS BIPOC SCHOLARS.OPPORTUNITY GRANT RECIPIENTS DO NOT APPLY; INSTEAD, WE SELECT HIGHLY RATED FLAGSHIP AND COMMUNITY COLLEGE APPLICANTS THAT ADVANCED TO THE SEMIFINALIST AND FINALIST ROUNDS BUT DID NOT RECEIVE ONE OF THOSE SCHOLARSHIPS. WE AWARDED 118 OPPORTUNITY GRANTS IN TOTAL: 38 FROM THE COMMUNITY COLLEGE APPLICANT POOL AND 80 FROM THE FLAGSHIP POOL.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jorge Valencia Executive Director & CEO | Officer | 70 | $331,658 |
Edwin Pelto Chief Development Officer | Officer | 50 | $222,440 |
Scott Arneson CFO | Officer | 50 | $177,916 |
Edward T Farley Deputy Executive Director | Officer | 50 | $176,748 |
Hector D Garza Dev Dir, Engagement & Advancement | 40 | $128,045 | |
Adam D Crowley Dev Dir., Individual Giving | 40 | $126,637 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $239,079 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $5,620,372 |
Noncash contributions included in lines 1a–1f | $112,890 |
Total Revenue from Contributions, Gifts, Grants & Similar | $5,859,451 |
Total Program Service Revenue | $0 |
Investment income | $375,289 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$17,533 |
Net Income from Fundraising Events | -$241,059 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $5,979,243 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $1,273,446 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $988,150 |
Compensation of current officers, directors, key employees. | $119,020 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $1,192,769 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $168,335 |
Payroll taxes | $154,869 |
Fees for services: Management | $0 |
Fees for services: Legal | $2,072 |
Fees for services: Accounting | $38,350 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $72,000 |
Fees for services: Investment Management | $16,927 |
Fees for services: Other | $104,372 |
Advertising and promotion | $0 |
Office expenses | $144,278 |
Information technology | $76,178 |
Royalties | $0 |
Occupancy | $17,307 |
Travel | $11,209 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $76,085 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $19,740 |
Insurance | $58,920 |
All other expenses | $1,839 |
Total functional expenses | $4,873,686 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $455,975 |
Savings and temporary cash investments | $1,944,571 |
Pledges and grants receivable | $1,470,643 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $55,324 |
Net Land, buildings, and equipment | $58,235 |
Investments—publicly traded securities | $11,195,566 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $20,196 |
Total assets | $15,200,510 |
Accounts payable and accrued expenses | $499,909 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $499,909 |
Net assets without donor restrictions | $5,970,922 |
Net assets with donor restrictions | $8,729,679 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $15,200,510 |
Over the last fiscal year, we have identified 1 grants that Point Foundation has recieved totaling $10,000.
Awarding Organization | Amount |
---|---|
St Vincent De Paul Foundation Inc Peekskill, NY PURPOSE: TO AID AND ADVANCE THE WELFARE, DEVELOPMENT AND EDUCATION OF INDIGENT, DISTRESSED OR UNDERPRIVILEGED CHILDREN. | $10,000 |
Beg. Balance | $5,156,940 |
Earnings | -$571,810 |
Net Contributions | $8,738 |
Other Expense | $100,000 |
Ending Balance | $4,493,868 |
Organization Name | Assets | Revenue |
---|---|---|
Making Waves Foundation Inc Richmond, CA | $241,696,341 | $12,436,212 |
Port Of Los Angeles High School San Pedro, CA | $18,161,675 | $15,549,620 |
Uc Hastings Foundation San Francisco, CA | $2,612,244 | $11,589,695 |
The Rogers Foundation Las Vegas, NV | $98,020,626 | $8,861,096 |
Flinn Foundation Phoenix, AZ | $285,130,665 | $13,331,134 |
La Promise Fund Los Angeles, CA | $8,970,074 | $12,859,195 |
Brophy Community Foundation Phoenix, AZ | $21,931,888 | $12,402,402 |
Society Of Hispanic Professional Engineers City Of Industry, CA | $8,652,087 | $11,894,639 |
Oakland Promise Oakland, CA | $69,217,814 | $17,084,213 |
Foundation For Global Sports Development Los Angeles, CA | $28,471,591 | $19,690,244 |
Ressler Gertz Foundation Encino, CA | $41,227,955 | $63,459,065 |
Basic Fund Oakland, CA | $23,987,500 | $9,637,782 |